IOTA

Million

Resistance

Rise

<ul class="list-ic vertical">
 <li><span>1</span> <a>The activity of developers is increasing, with ongoing developments underway.</a></li>
 <li><span>2</span> <a>The price vs volume charts describe a surge in volume along with the price rise, implying that the trend is robust.</a></li>
</ul>
<p>IOTA is a distributed ledger technology that helps protect users’ private data, runs tamper-proof programs, and enables ownership and trading without intermediaries. Moreover, a distributed ledger technology records token ownership on a decentralized ledger among many nodes.</p>
<h2 class="wp-block-heading" id="strong-iota-price-vs-volume-analysis-strong"><strong>IOTA Price Vs Volume Analysis</strong></h2>
<p>The IOTA Network chart presents the correlation between the volume and price of the IOTA coin. Per the Santiment chart, in February 2024, both the asset volume and price were relatively low, indicating a lack of interest and activity. The volume mostly remained under $50 Million, and the price hovered around $0.25 in that period.</p>
<p>However, in the last week of February, volume and price continued to rise abruptly, indicating increased demand and excitement about IOTA crypto price. The trading volume exceeded $175 Million and the price rose drastically from $0.250 to $0.39.&nbsp;</p>
<p>The price vs volume chart describes an increase in volume along with the price rise, suggesting the continuation of the ongoing trend.&nbsp;</p> <iframe loading="lazy" title="Santiment Chart: Price (IOTA), Volume (IOTA)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=iota&amp;pt=IOTA&amp;df=2023-09-13T18%3A29%3A59.339Z&amp;dt=2024-03-13T18%3A29%3A59.339Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%231534bf&amp;ws=%7B%22node%22%3A%22area%22%7D%3B" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-social-activity-analysis-of-iota-crypto-strong"><strong>Social Activity Analysis Of IOTA Crypto</strong></h2>
<p>The social dominance sentiment is an indicator of the increasing or decreasing acceptance of IOTA crypto among users. Social dominance chart displays a positive trajectory over the period.&nbsp;</p>
<p>The social volume of the IOTA coin seems to be rising in recent sessions with the price rise. It indicates a continuation of the ongoing short-term trend and a rise in the social volume also indicates the rising awareness regarding IOTA crypto.&nbsp;</p>
<p>The increasing social dominance may also have a positive impact on the IOTA price as the increasing participation of users may create more demand and help the IOTA asset price rise.</p> <iframe loading="lazy" title="Santiment Chart: Social Dominance (IOTA), Social Volume (IOTA)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=iota&amp;pt=IOTA&amp;df=2023-09-13T18%3A29%3A59.339Z&amp;dt=2024-03-13T18%3A29%3A59.339Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bsocial_volume_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%2368DBF4&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-iota-crypto-asset-development-activity-strong"><strong>IOTA Crypto Asset Development Activity</strong></h2>
<p>Furthermore, the development activity reflects the level of activity in the form of undergoing projects and developments in the IOTA crypto. The activity of developers is increasing, with ongoing developments. The increasing demand for blockchain-based solutions may be due to the growing popularity of IOTA.</p> <iframe loading="lazy" title="Santiment Chart: Development Activity (IOTA), Dev. Activity Contributors Count (IOTA)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=iota&amp;pt=IOTA&amp;df=2023-09-13T18%3A29%3A59.339Z&amp;dt=2024-03-13T18%3A29%3A59.339Z&amp;emcg=1&amp;emhwm=1&amp;wm=dev_activity%3Bdev_activity_contributors_count&amp;wax=0%3B1&amp;wc=%238358FF%3B%23FF5B5B&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%7D%3B" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-what-does-the-iota-price-exhibits-over-the-daily-chart-strong"><strong>What Does The IOTA Price Exhibits Over The daily chart</strong></h2>
<p>The IOTA price chart displays that the price rallied from the demand zone of $0.14000 to $0.37000. However, the crypto slumped as the price failed to jump over it, and it displayed a price correction scenario in its ascent as the price dropped to $0.20000 (support).&nbsp;</p>
<p>After falling, the price of IOTA crypto has made a strong recovery, surpassing its previous high level, starting from a crucial support level of around $0.20000.</p>
<p>The IOTA crypto now appears set to continue this colossal surge as it already surpassed the previous high of $0.37000 and is geared up to crack the above resistance level and rocket to new peaks from the current support level.</p>
<p>The <a href="https://www.thecoinrepublic.com/2024/02/10/iota-price-holds-pace-can-iota-crypto-resume-uptrend-next-week/" target="_blank" rel="noopener noreferrer nofollow">IOTA crypto asset</a> is exhibiting bullish strength and rising capacity as it holds above the 20 and 50-Day EMAs.</p>
<p>On the daily chart, IOTA is showing bullish signs and has the potential to grow further. It has performed well in the past week, month, and quarter by 16.34%, 55.05%, and 39.82%, respectively, indicating a solid uptrend.</p>
<p>At press time, the crypto had declined 1.71% in the last 24 hours and is currently trading at $0.38606. Therefore, if the demand for the IOTA token rises abruptly, the asset price could jump back from the current level. The next goal for the price could be to reach $0.45000 with $0.42000 acting as resistance.</p>
<p>However, if the IOTA crypto price fails to stay above the $0.37000 level, it could decline further and could subsequently reach $0.35000.</p> 
<p><a href="https://in.tradingview.com/chart/IOTAUSD/gLMBe2eN-the-IOTA-asset-is-showing-bullish-signs/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>IOTA price highlights the bullish sentiments and perspectives regarding the crypto asset in the daily time frame. The IOTA crypto price action highlights a bullish view at the time of publishing.</p>
<p>Moreover, the technical parameters of the IOTA price suggest the continuation of the uptrend, Dependent on the buyer’s surge, over the daily time frame chart. Major reliable indicators like EMA, Volume, Social Dominance, and Development suggest bullish gestures regarding the IOTA coin price.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $0.37000</p>
<p><strong>Resistance Levels</strong>: $0.42000</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

IOTA Crypto On Key Level, Will It Rise & Surpass $0.50k Mark?

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Thecoinrepublic.com

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